Downtown Industrial Building For
2106 3rd St Sioux City, IA 51101
2106 3rd St, Sioux City, IA, 51101
$1,399,000
For Sale
$1,399,000
Industrial building with heated storage and office space available.
Property Size16,348 SF
Price / SF$85.58
Days on Market145
Property Features for 2106 3rd St
General Information
- Standard status
- Active
- Size
- 16,348 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1973
Listing agency
(712) 251-8276
Listed by
Beau Braunger, SIOR, CCIM
(712) 251-8276
Source
Naiglobal
Added: Feb 26 Updated: Jul 10 at 1:13PM Checked: Jul 10 at 1:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beau Braunger, SIOR, CCIM
Investment Insights
Based on property information with market context.
This downtown industrial building, currently home to Jay-Lan Lawn Care, is available for sale. The building features 16,348 square feet of heated storage space and 1,680 square feet of office space, including two private restrooms and a new kitchen area. The warehouse area has a stacking height of up to 20 feet and includes two mezzanines. Loading and access are facilitated by one 12' x 14' drive-in door and three dock-high doors. The warehouse also includes two large floor drains.
Key Highlights
- 16,348 SF of heated storage space
- Three dock‑high doors for efficient loading/unloading
- 1,680 SF of office space with restrooms and new kitchen
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.7k | $7.32 |
| − Vacancy | −$4.8k | −$0.29 |
| EGI | $114.9k | $7.03 |
| − OpEx | −$17.2k | −$1.05 |
| NOI | $97.6k | $5.97 |
16,348 SF · lease $7.32/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.39M
$1.22M – $1.63M
NOI $97,649 @ 7.0% cap · market cap 6.98%
Second Best
Industrial
$1.15M
$1.01M – $1.34M
NOI $80,416 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$2.46M
$2.15M – $2.87M
NOI $171,961 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Koskovich & Murphy Developments
Construction Company
Jay-Lan Lawn Care
Landscaping
Similar For Sale Nearby
Similar Off Market Nearby
- Stockyards Self Storage — 2150 leech ave, sioux city, ia 51106
- Assured Record Management Services — 514 Clark St, Sioux City, IA 51101
- Cargill Soybean Plant — 1016 Clark St, Sioux City, IA 51101
FAQs
What type of property is this?
Warehouse - Industrial building with heated storage and office space available.
Where is this warehouse located?
The property is located at 2106 3rd St Sioux City, IA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 16,348 SF of heated storage space; Three dock‑high doors for efficient loading/unloading; 1,680 SF of office space with restrooms and new kitchen
